Amazon to be No. 2 in Indian e-commerce market by 2019

Amazon is improving its foothold in India and the American e-commerce giant could be the second biggest player after Flipkart in the online retail market by 2019, says a new Bank of America Merrill Lynch report.

India could also become Amazon's second largest market (after the US) as it plans to invest $5 billion in its India business, the report released on Tuesday said.